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Previously on ""Change expenses which have not been reimbursed""

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  • Greg@CapitalCity
    replied
    Correct. You are putting the expense information in the right area, its just those user friendly HMRC headings that can cause some confusion.

    Leave a comment:


  • kingcook
    replied
    Originally posted by Lumiere View Post
    If they are genuine business expenses like mileage / trains / taxis / hotel, they are not really "Taxable benefits and expenses" as there is no tax due ?
    Yes, i was confused by this at first, but now i take it to mean that the "expenses" part of the sentence doesn't imply "taxable". So IMO it means;

    1) Taxable benefits
    and
    2) expenses (not taxable)

    Leave a comment:


  • Lumiere
    replied
    If they are genuine business expenses like mileage / trains / taxis / hotel, they are not really "Taxable benefits and expenses" as there is no tax due ?

    Leave a comment:


  • RasputinDude
    replied
    Originally posted by GregCapitalCity View Post
    I believe this is just a poor choice of words the HMRC used
    Surely, you're not suggesting that HMRC have made a poor choice in something? And there was me thinking that they were the pinnacle of excellence in all things.

    Leave a comment:


  • kingcook
    replied
    Thanks Greg, at least i now i'm not going insane anymore!

    Leave a comment:


  • Greg@CapitalCity
    replied
    Correct

    What you have done is correct. The two expense categories offset each other so that your overall personal tax calculation is unaffected by the inclusion of these expenses.

    As for the "Change expenses which have not been reimbursed" part - it has been a while since I have used the HMRC online filing software, but from memory I believe this is just a poor choice of words the HMRC used in their software to refer to the employment expenses.

    Leave a comment:


  • kingcook
    started a topic "Change expenses which have not been reimbursed"

    "Change expenses which have not been reimbursed"

    Hi,

    Just trying to fill in the part of my Self Assessment, and there's something i'm not understanding.

    During last tax year (2010/11), business expenses that i paid out of my own pocket totalled £4140. This amount has been reimbursed to me.

    So, on the "Taxable benefits and expenses" page, i enter £4140 (in the "Expenses payments received and balancing charges" box).

    On the next page, "Employment expenses", i enter the same amount £4140 into the "Business travel and subsistence expenses" box.

    Is that correct? If so, why (when i go back to part to Check Progress), the link to go back to entering "Employment expenses" is labelled "Change expenses which have not been reimbursed".

    I'm a bit concerned about the "have not been reimbursed" part.

    Anyone?
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